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Trade Bank of Iraq: in 2011 we released more of 610 in favor of the adoption of the ministries and the share of industry adoption of 180
2012-02-19 11:13:38
BAGHDAD (Iba) ... said Director-General of the Bank of the Iraqi Trade and Chairman of the Board Hamdiya Mahmoud dry that the Trade Bank of Iraq had issued in 2011, more of 610 made for the benefit and Zarah state and the value exceeded the 000 13 000 000 USD $. Makdta can share and lower garment industry, including the adoption of 180.
The dry statement of the Bank of the Iraqi Trade received by the independent press (Iba) a copy of it today that in response to the statement in a news agency in the words of the Inspector General at the Ministry of Industry about the presence of some complications in the procedures for issuing letters of credit that the Trade Bank of Iraq has been issued in 2011, more of 610 made for the benefit and Zarah state and the value exceeded the 000 13 000 000 USD $, and the share of the Ministry of Industry and configurations 180 adoption happened Trade Bank of Iraq on 44 adoption of a value of more than $ 300 571 208 U.S. dollars and distributed 136 depending on the private banks and the value of more than 000 $ 33,798 U.S. dollars.
She pointed out that this dry was following the instructions of the Economic Commission of the Council of Ministers to transfer all the credits of value at least 000 $ 0004 U.S. dollars to private banks operating in Iraq as these banks are not subject to the control of the Trade Bank of Iraq.
The statement added that the dry and immediately sent Forums Asamúlh for credits and managing relations with the Ministry of Industry and configurations to follow up the matter with the ministry and Mr. Inspector General and referred to a report on the matter.
On the other hand between Mohammed Shakir Mahmoud official follow-up affairs ministries in the Trade Bank of Iraq that the issues that correspond to the work of the ministry and configurations is a matter of converting the dinar to the dollar and the issue of the lack of allocation in some cases, or there are some errors in the full form version of the accreditation by the student version of dependence and this issues sometimes lead to some delay in issuance of credits.
He said Mahmoud keen Trade Bank of Iraq to follow up with all the ministries, adding that the Trade Bank of Iraq had begun, and since for quite some time to organize training courses for all government departments including the Ministry of Industry and configurations on the mechanism of issuing letters of credit and the issuance of letters of guarantee.
And between the official follow-up affairs ministries in the Trade Bank of Iraq that such courses organized within and outside Iraq, in cooperation with the correspondent banks of the Trade Bank of Iraq and the expense of the Trade Bank of Iraq, where he was the last of these sessions on Wednesday, February 8, 2012.
It is worth mentioning that the Trade Bank of Iraq is an Iraqi bank government was established in July of 2003 with a capital of U.S. $ 100 million and has been raising capital from profits accumulated in 2008 to half a trillion dinars and will raise capital trillion Iraqi dinars was granted Bank of numerous international awards, the most important award for Best Trade Bank in the Middle East for the factors 2007 and 2008 and 2009 and 2011 has been ranked the English magazine The Banker, which is part of the Financial Times in English Trade Bank of Iraq 418 of the largest bank in the Middle East. (End)
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